What Did You Buy Today?

[fenders53]

(12-09-2020, 02:04 PM)crimsonghost747 Wrote:

(12-09-2020, 01:27 PM)Otter Wrote: As I said, going with familiarity and gut feeling on this pick, and it is a small part of my overall portfolio, but I think this will join a few other MoMo stocks that went public this year.

I do like Airbnb for a quick trade, indeed I find it very likely that it will climb significantly from it's IPO price. That seems to be the norm for recent tech IPOs and the buzz around Airbnb should make it happen here too. Of course I could be completely wrong, but indeed I'm considering a quick trade.

But long-term? I just don't think Airbnb has any sort of a major moat or competitive advantage compared to other similar companies. It might be an ok company, but I'm going to quote our buddy fenders here and say "valuation does matter". Or something like that. 

Thanks for the shout out.  Pretty sure I made up this stock valuation theory thing.  Otter is ignoring me because he is flush with DASH stock right now.  I just know he's gonna brag when it surpasses AMZN in CAP next week.